Under the accounting standards, which alternative measure of value is not permitted to be used for valuing assets?
A)Historical cost.
B)Net realisable value.
C)Fair value.
D)None of the above. i.e., all are permitted methods in some circumstances.

Question

Quizplus · Accepted Answer

Historical cost, net realisable value, and fair value are all recognized valuation methods under various accounting standards for different types of assets and in different circumstances.

Under the Accounting Standards, Which Alternative Measure of Value Is